It seems than somebody wants to drop BTC market down to the bottom selling BTC now.
Bitcoin trading volumes are low, that's why current price manipulation is easy.
When somebody sell 5 000 BTC for a cheap price, it does not mean that other 14 000 000 BTC are cheap.
While all these Bitcoins are holded for the future, market price indicators show only the price of the last sold 5 000 BTC, not the real BTC price.
But a really huge amount of users do not understand this.
Some of the real holders will sell their BTC for lower prices. Other will not buy new BTC, because they think that BTC price will go down deeper.
And than guys, which made a panic on a market, will buy a huge amount of cheap BTC. It will make BTC price go up to the new high rates. Than Bitcoins will be sold much higher, than it were bought.
As a result - somebody will gain a lot of Bitcoins and will receive a huge profit. The most of the usual Bitcoin users and investors will lose their money.
And the legend for the price manipulation is a fake Satoshi Nakamoto's email that Bitcoin-XT is a dangerous fork.
It's nothing. Who are Mike Hirn and Gevin Anresen? Just nobody. They want to be owners of your Bitcoins and control the whole system. Not only the funds, but the principles and freedoms.
It's clean that they wrote a fake Satoshi's email.
I can say "F#ck off!" to these guys. You can say it too and never let them a chance to control YOUR bitcoins. Just ignore xt fork and forget about it. Because XT can track your IP and you will not be anonymous anymore. XT can block your IP or account and you will lose your money. XT code can be modified at any time and it will be able even to record a video from your webcam or to steal your personal data. XT is controlled by couple of people. Original Bitcoin is not controlled by somebody.
What to do now? You can sell your Bitcoins and than you will make a BTC price go down. Than you will be able to buy more cheap BTC. But be careful - maybe right after the moment when you sold your Bitcoins, BTC price will go up immediately.
Only the one thing I can say you exactly - after falling BTC price will go up to the new heights. I can say it as a developer of the most effective automatic BTC trading bot.
Please repost this text and than people will now that a fake story about Bitcoin-XT is just a bullshit.
What you just explained here are common marketing rules anywhere, in any kind of free market.
Big players always manipulate the market and creates an artificial panic among small players.
Small investors then sell their shares in panic and big investors are buying them and later earning big profits.
I don't think that bitcoin market is unique and separate in this sense and don't think that we can do anything to change this situation.
